Alfa Financial Software : 2021 Half Year Results

2021 Half Year Results

Stepping into our opportunity

22 September 2021

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Disclaimer

The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ("relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments.

This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Alfa Financial Software Holdings PLC (the "Company") or any company which is a subsidiary of the Company.

The release, publication, or distribution of this presentation in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions.

Certain statements contained in this presentation constitute forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial condition, business strategy, plans and objectives, are forward-looking statements. Forward-looking statements often use words such as "believes", "estimates", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. In particular, the forward-looking financial information provided by the Company in this presentation represents the Company's estimates as of 30 June 2021. It is anticipated that subsequent events and developments may cause the Company's estimates to change.

These forward-looking statements speak only as at the date of this presentation. While the Company may elect to update this forward-looking information at some point in the future, except as required by the Financial Conduct Authority, or by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events, or otherwise. No statement contained herein constitutes a commitment by the Company to perform any particular action or to deliver any particular product or product features. Readers should, therefore, not rely on these forward-looking statements, which reflect our opinions only as of the date of this presentation

Measures not specifically defined by IFRS

Readers are cautioned that the supplemental financial information, which is not specifically defined by IFRS, presented in this presentation is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company's supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies.

In the tables accompanying this presentation the Company sets forth its supplemental non-IFRS figures for revenue at constant currency, Total Contracted Value and Operating free cash flow conversion.

See the "Definitions" slide at the back of this presentation for further information.

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Agenda

• Introduction and Key Highlights

Andrew Denton, CEO

• Financial Review

Duncan Magrath, CFO

• Operational Delivery

Matthew White, COO

• Business and Sales Update

Andrew Denton, CEO

• Summary

Andrew Denton, CEO

• Q&A

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Introduction and Key Highlights

Andrew Denton, CEO

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Overview

Review of H1 2021

• Increased revenue, profits and TCV despite currency headwinds
• Continued successful delivery, incl. v4 to v5 upgrades
• High employee engagement
• Robust balance sheet position with £50m of cash and no debt
• Strategic progress in accelerators
• • Subscription
  • Alfa Start
  • Partnerships
  • Alfa iQ

Looking forward

• Market conditions favourable
• Continuing to recruit, innovate and invest in our product
• Strong conversion of late stage pipeline
• Encouraging growth in early stage pipeline
• Good strategic progress
• Full year revenue expectations have increased by c.4%
• Special Dividend declared of 10 pence per share totalling £30m

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